Cineworld: Difference between revisions
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Revision as of 11:02, 19 November 2017
Company type | Public company |
---|---|
LSE: CINE | |
Industry | Leisure, Entertainment & Refreshments |
Founded | 1995 |
Headquarters | London, United Kingdom |
Key people | Anthony Bloom (chairman) Moshe "Mooky" Greidinger (Chief Executive) |
Revenue | £797.8 million (2016)[1] |
£112.8 million (2016)[1] | |
£82.0 million (2016)[1] | |
Subsidiaries | Cineworld Cinemas Cinema City International Picturehouse Cinemas Digital Cinema Media (50%) |
Website | cineworld |
Cineworld Group plc is the second largest cinema operator in Europe with 2,049 screens[2] across 221 sites[3] in 9 countries.[4] The UK operations consist of arthouse chain Picturehouse Cinemas and multiplex chain Cineworld Cinemas with 24 and 82 cinemas respectively. All but two Cineworld sites are located in the UK, with one each in Ireland and Jersey. Cineworld is the second-largest cinema operator in the UK with over 800 screens, and the owner of the single largest multiplex by screens and customer base in Ireland.[5] Cineworld Glasgow Renfrew Street is the tallest cinema in the world and the busiest, by customer base, in the UK.[6] The Cineworld site with the greatest number of screens is that located at Valley Centertainment in Sheffield, which has 20.[7] It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
History
The company was established by Steve Wiener, an American, with the support of private equity funds in 1995.[8] He opened the first Cineworld in Stevenage, Hertfordshire in July 1996;[9] the second, in a purpose-built location in Wakefield, Yorkshire, followed in December 1996,[10] with Shrewsbury, Shropshire, following in December 1998.[11] After opening more sites over the next few years, Cineworld also took over the UK and Ireland operations of French cinema company UGC in 2005.[12]
The Blackstone Group, which had invested in Cineworld when it was privately owned, sold its entire remaining 20% shareholding in November 2010.[13] In August 2013, The Guardian revealed that Cineworld employs 80% of its 4,300 staff on zero hour contracts.[14] In October 2013, the Chester location was closed due to the landowner wanting to develop the land into a supermarket.[15]
In 2014 Cineworld's Picturehouse chain was subject to industrial action owing to its refusal to pay the London Living Wage to its staff. The workforce attracted the support of Eric Cantona.[16] On 27 February 2014 Cineworld completed the takeover of Cinema City International N.V..[17] In what can be seen to be a partial reverse takeover, the Greidinger family (who owned a controlling 54% stake in Cinema City International) hold a controlling bloc as the largest shareholders in the enlarged company.[18]
Cinemas
Sites are gradually being upgraded such that they have IMAX screens and D-Box technology. The Milton Keynes cinema has acquired both a "Superscreen" and a 4DX screen. Cineworld intends to roll out further "Superscreen" and 4DX screens to other sites in the future.[19]
Cineworld has begun a trial of a premium cinema brand, The Screening Rooms. Located next to the Cheltenham cinema, The Screening Rooms offers considerably larger, leather seating, premium food, and 'table' service.[20][21]
Cineworld was the only cinema chain in the United Kingdom to operate a 'strict no food and drink policy'[22] on items that have been bought elsewhere,[21] but in November 2012 the food policy was changed and now states that "neither alcohol nor hot food may be brought onto the premises".[23]
In early 2014 Cineworld introduced an allocated seating system, starting as a trial in selected sites including Wembley and rolling out to all their cinemas by the summer.[24] The move was controversial and a Twitter campaign was created against this policy.[25] Cineworld have responded to the criticism stating that it gives customers peace of mind along with other benefits.[26]
Current locations in the UK and Ireland
Site | Screens (#) | Origin | Notes | ||||
---|---|---|---|---|---|---|---|
Aberdeen – Queens Links | 9 | UGC | |||||
Aberdeen – Union Square | 10 | Cineworld | |||||
Aldershot | 7 | Cineworld | D-Box | ||||
Ashford | 12 | Cineworld | |||||
Ashton-under-Lyne | 14 | Cineworld | IMAX | ||||
Basildon | 18 | Empire | 6 studio screens, 1 IMPACT screen, 1 IMAX screen, 1 4DX screen.
Purchased from Empire Cinemas in July 2016, started operation under Cineworld August 12, 2016.[27] | ||||
Bedford | 6 | UGC | |||||
Birmingham – Broad Street | 12 | UGC | IMAX, 4DX | ||||
Birmingham – NEC | 11 | Cineworld | IMAX, Starbucks Coffee, Baskin Robbins | ||||
Boldon Tyne and Wear | 11 | UGC | Starbucks Coffee | ||||
Bolton | 15 | UGC | Starbucks Coffee | ||||
Bradford | 16 | Cineworld | Baskin Robbins, Pix'n'Mix | ||||
Braintree | 12 | Cineworld | Pix'n'Mix, Starbucks Coffee | ||||
Brighton | 8 | UGC | |||||
Bristol | 12 | Cineworld | |||||
Bromley | 4 | Empire | Purchased from Empire Cinemas in July 2016, started operation under Cineworld August 12, 2016. | ||||
Broughton | 11 | Cineworld | IMAX , Starbucks Coffee | ||||
Burton upon Trent | 9 | Cineworld | |||||
Bury St Edmunds | 8 | Cineworld | |||||
Cardiff | 15 | UGC | 4DX, Superscreen, Baskin Robbins | ||||
Castleford | 14 | Cineworld | D-Box, IMAX | ||||
Cheltenham | 11 | Cineworld | IMAX, The Screening Rooms | ||||
Chesterfield | 10 | Cineworld | |||||
Chichester | 10 | Cineworld | IMAX | ||||
Crawley | 15 | UGC | D-Box, IMAX, Starbucks Coffee, Superscreen and 4DX | ||||
Didcot | 5 | Cineworld | |||||
Didsbury | 11 | UGC | D-Box | ||||
Dublin | 17 | UGC | IMAX, Baskin Robbins | ||||
Dundee | 9 | UGC | Baskin Robbins | ||||
Eastbourne | 6 | UGC | To close and move to a new site in Eastbourne town centre 2018/19 | ||||
Edinburgh | 13 | UGC | IMAX, Starbucks Coffee | ||||
Ely, Cambridgeshire | 6 | Cineworld | Opened May 2017 | ||||
Falkirk | 12 | Cineworld | Starbucks Coffee | ||||
Glasgow – IMAX at GSC | 1 | Cineworld | IMAX, Starbucks Coffee | ||||
Glasgow – Parkhead | 7 | UGC | |||||
Glasgow – Renfrew Street | 18 | UGC | Baskin Robbins, 4DX, ViP, Superscreen, Starbucks Coffee | ||||
Glasgow – Silverburn Centre | 14 | Cineworld | Superscreen, Starbucks Coffee, Baskin Robbins – Opened 26 June 2015 | ||||
Gloucester | 10 | Cineworld | |||||
Harlow - Queensgate | 6 | UGC | |||||
Harlow – Harvey Centre | 6 | Cineworld | Opened 9 December 2016. | ||||
Haverhill | 5 | Cineworld | |||||
Hemel Hempstead | 17 | Empire | IMAX, 2 Superscreen (one rebranded from IMPACT Blue), Baskin Robbins, (Starbucks Coffee under construction)
Purchased from Empire Cinemas in July 2016, started operation under Cineworld August 12, 2016. | ||||
High Wycombe | 12 | Cineworld | |||||
Hinckley | 5 | Cineworld | Baskin Robbins | ||||
Hull | 9 | UGC | |||||
Huntingdon | 10 | Cineworld | |||||
Ipswich | 12[28] | UGC | IMAX, 4DX, Starbucks Coffee | ||||
Isle of Wight | 11 | Cineworld | |||||
Jersey | 10 | Cineworld | |||||
Leigh | 7 | Cineworld | |||||
Llandudno | 9 | Cineworld | |||||
Leeds – White Rose Centre | 11 | Cineworld | IMAX, Pick N Mix - Opened Mid-November 2017 | London – Bexleyheath | 9 | Cineworld | |
London – Enfield | 15 | UGC | IMAX, Starbucks Coffee, Baskin Robbins, 4DX to open November 2017 | ||||
London – Feltham | 14 | Cineworld | Baskin Robbins, Pick & Mix, [D-Box] | ||||
London – Fulham Road | 6 | UGC | |||||
London – Ilford | 11 | Cineworld | |||||
London – Leicester Square | 9 | Empire | Purchased from Empire Cinemas in July 2016, started operation under Cineworld August 12, 2016. | ||||
London – South Ruislip | 11 | Cineworld | |||||
London – The O2, Greenwich | 11 | Vue | D-Box, Sky Superscreen | ||||
London – Wandsworth | 14 | Cineworld | Baskins-Robbins opened in July 2015 (replacing Ben & Jerry's). 4DX and Superscreen introduced December 2016. | ||||
London – Wembley | 9 | Cineworld | D-Box, Starbucks Coffee | ||||
London – West India Quay | 10 | UGC | |||||
London – Wood Green | 12 | Cineworld | |||||
Loughborough | 8 | Cineworld | Starbucks Coffee | ||||
Luton | 11 | Cineworld | |||||
Middlesbrough | 11 | UGC | D-Box | ||||
Milton Keynes | 16 | Cineworld | 4DX, Starbucks Coffee, Superscreen | ||||
Murton - Dalton Park | 7 | Cineworld | Baskin Robbins, Pix'n'Mix | ||||
Newcastle-upon-Tyne | 16 | Empire | Purchased from Empire Cinemas in June 2017[29] | ||||
Newport – Friars Walk | 8 | Cineworld | Baskin Robbins | ||||
Newport – Spytty Park | 13 | UGC | Starbucks Coffee | ||||
Northampton | 9 | UGC | Starbucks Coffee, Baskin Robbins | ||||
Nottingham | 14 | WarnerVillage | IMAX | ||||
Poole | 14 | Empire | Purchased from Empire Cinemas in July 2016, started operation under Cineworld August 12, 2016. | ||||
Rugby | 9 | Cineworld | |||||
Runcorn | 9 | Cineworld | |||||
Sheffield | 20 | UGC | IMAX, Starbucks Coffee, 4DX, Baskin Robbins, VIP. | ||||
Shrewsbury | 8 | Cineworld | |||||
Solihull | 9 | Cineworld | |||||
Southampton | 5 | UGC | |||||
St Helens | 11 | Cineworld | |||||
Stoke-on-Trent | 9 | Cineworld | Baskin Robbins, Pick and Mix | ||||
St Neots | 6 | Cineworld | |||||
Stevenage | 16 | Cineworld | Baskin Robbins, Pick and Mix, Starbucks Coffee, IMAX and 4DX | ||||
Stockport | 10 | UGC | Closing 16th November 2017[30] | ||||
Strood / Rochester | 9 | UGC | |||||
Swindon – Shaw Ridge | 7 | UGC | |||||
Swindon – Regent Circus | 6 | Cineworld | |||||
Telford | 11 | Cineworld | IMAX, D-Box, Starbucks Coffee | ||||
Wakefield | 9 | Cineworld | |||||
Weymouth | 9 | Cineworld | |||||
Whiteley | 9 | Cineworld | Baskin Robbins | ||||
Witney | 5 | Cineworld | |||||
Wolverhampton | 14 | Cineworld | |||||
Yate | 6 | Cineworld | |||||
Yeovil | 10 | Cineworld | Baskin Robbins |
Planned locations
Site | Screens (#) | Notes |
---|---|---|
Dover | 6 screens | Opening Late Winter 2017, as part of The St James Development in Dover, Kent.[31] |
Barnsley | 13 inc. IMAX | Opening as part of The Glassworks. Opening 2020 [32] |
Bracknell | 12 inc. 4DX | Opening September 2017, as part of The Lexicon.[33] |
Colchester | 12 inc. IMAX | IMAX and 4DX. Part of Northern Gateway leisure park. Opening 2018 |
Keighley | 8 | As part of Worth Valley Shopping Centre. Opening date unknown |
Macclesfield | 9 | Opening date unknown |
Plymouth | 12 inc. IMAX | Opening mid-2018 |
Rushden | 15 | Part of the Rushden Lakes development. Opening 2018/19. |
Speke - New Mersey Retail Park | 11 | Opening Summer 2018. Part of Retail Park expansion plans |
Trowbridge | 8 | Planned opening of 2016 however work appears to have stopped and the land is back on the market.[34] |
Watford | 9 inc. IMAX | Opening September 2018 as part of Charter Place redevelopment. |
Eastbourne | 9 | Eastbourne Arndale Centre redevelopment Opening late 2018 early 2019 |
Weston-super-Mare | 8 | Part of Dolphin Square Leisure Complex, opening late 2017 |
York | 13 | Planned for 2019, built alongside York Community Stadium[35] |
Wrocław | 20 inc. IMAX | Opening late 2017 (Cinema City)[36] |
Membership schemes
Cineworld offers a subscription service using a membership card – the "Unlimited Card" – which provides subscribers with unlimited entrance for a set price per month, and currently 10% off all food and drink.[37]
See also
- Cineworld (Glasgow) – tallest cinema in the world
- Cineworld Dublin – largest cinema in Ireland
References
- ^ a b c "Annual Results for year ended 31 December 2016" (PDF). Cineworld. Retrieved 16 April 2017.
- ^ Cineworld 2000 Screens Milestone
- ^ "Cineworld Group plc". cineworldplc.com. Retrieved 17 December 2016.
- ^ Cinemas – Global City Holdings
- ^ Cineworld PLC | The Market
- ^ "Cineworld Group plc – Company overview". cineworldplc.com. Retrieved 26 March 2015.
- ^ "Cineworld Group plc – About us". cineworldplc.com. Retrieved 26 March 2015.
- ^ "Cineworld founder Steve Wiener leaves to 'enjoy fruits' of cinema operator's success". 20 November 2013. Retrieved 16 April 2017.
- ^ "Cineworld Cinema - Stevenage". Cinema Treasures. Retrieved 16 April 2017.
- ^ "Cineworld Cinema - Wakefield". Cinema Treasures. Retrieved 16 April 2017.
- ^ "Cineworld Cinema - Shrewsbury". Cinema Treasures. Retrieved 16 April 2017.
- ^ "Cineworld clear to buy exhib UGC". Variety. 28 October 2005. Retrieved 16 April 2017.
- ^ "Blackstone closes the curtains on its interests in Cineworld". The Times. Retrieved 16 April 2017.
- ^ Simon Neville. "Curzon and Everyman cinema staff on zero-hours contracts | Film". The Guardian. Retrieved 25 June 2014.
- ^ "Chester's only remaining cinema to close next month". Chester Chronicle. 22 September 2013. Retrieved 16 April 2017.
- ^ Spanier, Gideon. "Backers pile pay pressure on Cineworld over Brixton Ritzy row". London Evening Standard. Retrieved 24 June 2014.
- ^ "UK group to merge with Cinema City International". Polskie Radio. Polskie Radio. 10 January 2014. Retrieved 10 January 2014.
Under the terms of the deal, Cineworld will purchase about 100 multiplexes from CCI for 503 million pounds. However, CCI will maintain a 24.9 percent stake in the combined business.
- ^ "Israel's Mooky Greidinger Agrees To Sell Cinema City Chain of Movie Theatres To UK Based Cineworld For $923 Million in Cash And Stock". Jewish Business News. Retrieved 26 March 2015.
- ^ "Cineworld launches the UK's first 4DX cinema this weekend: Here's what to expect". City AM. 30 January 2015. Retrieved 16 April 2017.
- ^ "Sneak peek at Cheltenham cinema's luxury Screening Rooms". This is Gloucestershire.
- ^ a b Sethi, Anita (20 February 2008). "My mission to beat the great cinema food rip-off". The Guardian. Retrieved 11 December 2016.
- ^ "Cineworld Cinemas – FAQ". Retrieved 9 July 2011.
Can I bring in my own food and drink? – Cineworld have a strict no food and drink policy.
- ^ "Cineworld Cinemas – FAQ". Retrieved 1 December 2012.
2.2 Alcohol and Food Policy: Neither alcohol nor hot food may be brought onto the premises. Only hot food bought on the premises may be consumed on the premises. Alcohol may only be purchased and consumed in Cineworld licensed bar areas or in licensed screens and licensing laws will be strictly enforced.
- ^ "Allocated seating is now available at your local Cineworld". Cineworld. Retrieved 26 March 2015.
- ^ "Allocated Seats Cine". twitter.com. Retrieved 26 March 2015.
- ^ "Allocated seating coming soon to Cineworld". Cineworld. Retrieved 26 March 2015.
- ^ "IT'S A WRAP". empirecinemas.co.uk. Retrieved 11 August 2016.
- ^ Geater, Paul. "Cineworld in Ipswich's Cardinal Park to unveil new screen on Friday following makeover". Ipswich Star. Retrieved 30 August 2017.
- ^ Hodgson, Barbara (14 June 2017). "Empire Newcastle is taken over by Cineworld cinema". nechronicle. Retrieved 19 June 2017.
- ^ "Cinema Listings For Stockport". www.cineworld.co.uk. Retrieved 16 October 2017.
- ^ http://www.stjamesdover.co.uk/
- ^ https://www.barnsley.gov.uk/news/gbp70-million-investment-announced-as-the-glass-works-is-unveiled/
- ^ http://www.thelexiconbracknell.com/
- ^ "Concerns for future of Innox Riverside development as site goes up for sale". The Wiltshire Times. 12 June 2015.
- ^ "STADIUM LATEST - Work will start this autumn, £2.6 million wiped off cost". York Press. Retrieved 19 July 2017.
- ^ "Cinema CIty Wroclavia". wroclavia.pl (in Polish). Retrieved 23 September 2017.
- ^ "Cineworld Cinemas: Unlimited Card Discounts".
External links